HomeMy WebLinkAbout2B - PresentationCity of Palm Springs
SMALL HOTEL TOURISM BUSINESS IMPROVEMENT
DISTRICT ANNUAL LEVY ASSESSMENT FOR FY26
JUNE 25, 2025
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City of Palm Springs
TBID Levy Assessment FY26
•Palm Springs Small Hotel Tourism Business Improvement District (TBID) was adopted via
PS Ordinance 1903 in November 2016.
•The TBID is a special benefit assessment district that was established by the City Council
for the specific purpose of funding activities that promote tourism.
•The Levy requested is 1%, same as prior years. Approved by City Council annually.
•Approximately 98 small Hotels assess the 1% levy. Small Hotel is defined as 49 rooms or
less.
•The City collects the tax, but the funds are managed by the Palm Springs Bureau of
Tourism (PSBOT). The City remits the tax to PSBOT monthly.
•The estimated collections for Fiscal Year 2025-26 are estimated to be $880,000.
•The City collects a monthly administration fee which totals approximately $50,000
annually.